October 4, 2023

Final replace: July 19, 2023 6:20 PM IST

HP is the newest tech large to cut back its dependence on China for manufacturing.

The corporate is shifting manufacturing of hundreds of thousands of units to nations like Thailand to cut back its dependence on China.

HP is reportedly shifting manufacturing of hundreds of thousands of shopper and business laptops to Thailand and Mexico this 12 months because it seeks to diversify its provide chain exterior of China.

In accordance with a report by Nikkei Asia, that is the primary “substantial step” for a US firm to maneuver its private pc provide chain exterior of China.

“HP can be planning to maneuver a part of its pocket book manufacturing to Vietnam beginning subsequent 12 months,” one of many suppliers mentioned.

The corporate is following Dell and Apple in diversifying its provide chains exterior of China, which have suffered vital disruptions throughout the pandemic.

“HP plans to maneuver a few of its business pocket book manufacturing to Mexico and a few of its shopper pocket book manufacturing to Thailand,” the supply mentioned in a press release.

World PC shipments decreased by 15% (YoY) in Q2 (Q2) 2023 however grew by 8% (QoQ).

In accordance with Counterpoint Analysis, Lenovo maintained its main place in PC shipments regardless of an 18 p.c year-on-year decline, whereas HP and Apple posted stable outcomes with development in market share.

After seven consecutive quarters of year-over-year declines, the PC market is exhibiting early indicators of stabilization, together with constant quarter-on-quarter development, in line with Gartner.

Gartner expects PC inventories to normalize by the top of 2023 and PC demand to return to development beginning in 2024, he added.

HP shipments declined solely marginally within the second quarter, ending a string of consecutive double-digit declines. Pocket book shipments rose barely, the report mentioned, however had been offset by decrease desktop shipments.

(This story was not edited by the News18 employees and is printed from a syndicated information outlet – IANS)

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